The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1887-10-27

Trustees who shall constitute the Roard OF
Directors for the ensuing year; and the Board
| so elected, shall elect, from their members, a
President, a Treasurer and Secretary. Each
shareholder in the election shall be entitled to
cast one vote for each share he may own, and
the nine persons receiving the highest vote
shall be declared elected for his respective
office, and shall immediately assume the duties
OF their offices; and upon election of their
officers, as above named, and the qualification
of the Treasurer, hereinafter prescribed, be
authorized to demand and receive from the
| outgoing Board and Officers, all the Books,
Pape 8 and Property belonging to the said
School and Association.
ARTIcLEv
The President of the Board of Directors
shall receive and atcept all titles and deeds IN
behalf of said School and Association, and
shall make and sign all acts conveying propei =
ty belonging to said corporations on concur :
renee of majority of the Board of Directors.
he shall have further power to confer the de-
grees usually conferred by such Institutions
and to grant Diplomas, and certificates of
graduation distinction or merit to the students,
under the corporate name and seal. on the
recommendation of the Faculty of said school,
duly concurred in by majority of the Board
OF Directors.
ARTICLE VI.
This school shall be organized and operated
undor the auspices of the Calvary Baptist
Association but no distinctive creed shall be
taught, except in its Theological Department.
ARTICLE VII
The Treasurer of this Association. before
entering into the discharge of his duties as
such shall give bond with security to be an
proved by the Board of Directors, in the sum
OF Five Hundred Dollars, for the faithful per-
Torrance OF his duties. He shall make all
disbursements, on the order of the Board {
Directors, and render statements and account 8
whenever ordered so to do by the Board His
books shall be open forinspoction of the mem
bers OF the Association at all reasonable hours
ARTICLE VIII.
The capital stock of this Association shall
be Two Thousand Dollars, divided into shares
of Ten Dollars each. The Secretary, imme-
diately upon organization of the Board of D-
reetors, shall open a stock book, in which he
shall keep record of the stockholders, amount
of stock purchased by each, and the date and
number OF each certificate issued by him.
ARTICLE IN
Active operation of this Association shall
commence when twenty per cent. of the capital
stock is subscribed and paid in
ARTICLEx.
The financial officers of this Association
shall make an animal report of its business
affairs at the meeting hereinaboye fixed for
election of Trustees and dividend OF profits
declared and made in favor of the shareholders
according to amount of shares each one NAV
own, which shall be paid to said holder and
owner, in cash. in certificates of stock, or ap-
piled to the education of his children in said
school for the ensuing year, as he may elect.
ARTICLE xI.
This Charter may be amended, altered or
abrogated III any particular, provided said
amendments, alterations or abrogation does
not conflict with the Constitution and laws of
the United States of America, or the Constitu-
ton and laws of the State of Louisiana, by a
vote of two thirds af the Board of Directors,
duly ratified by majority vote OF the share
holders at an election called for the purpose
after written notice served upon each of said
electors not less than ten days before said cleo
ton.
In testimony of all which have caused said
appearers to atfix hereto their usual sigma.
lures, in presence of K. f. Wyche and Henry
Virgins, competent witnesses, together with
me, said Notary, on this, the first day Of Octo-
Der, A. D., 1851.
81. COOK.
his
FELIX * OWENS.
mark.
Il. L. COOK.
:. Ill. RALPH
II. NJ STEPHENS.
II. j. STEPHENS.
his
HENRY tXl JORDAN.
mark
his
JOS. TX SMEDLEY
mark.
Attest:
X f HYCHE.
HENRY WIGGINS
j. Il KEYSER, Notary Public.
Having examined the foregoing Act of In
corporation and finding nothing therein con
trary to law, hereby approve the same, this
October lst, 1887.
j. A. w. LOWRY
District Attorney, I'd Judicial District La
October 6, 1887. Ats